You can call back within a couple weeks of completing this application to obtain your account number.File your Cincinnati Income Tax Return.  

So I make the decision to give up on this guy and found another lender this is extension number three, while all of this is taking place the asset manager has been completely against me, it takes days to get any sort of response from them, they originally wanted to close in one week from contract, anytime I asked for an extension it would be for one week only, le me mind you by the time I get the extension a few days have already passed and the last extension I had to agree to $100 per day penalty, BTW I received signed contract from seller feb 22.

It's a book that I recommend to all my friends that are looking to get started with very little assets.   

I personally have never tried to get a 203k loan so take this with a grain of salt, but I've heard they are not easy to obtain so be weary of that and have a plan B.

Long term commercial debt lenders make adjustments but does not generally follow that.For high quality assets i am currently seeing about 4.8 percent for 10 year debt. 5 year fixed I am seeing about 4.5%.If a life insurance company they can go lower on rates but want minimum 35% down and more picky on the properties to lend on.Seller financing can be great BUT just remember to not way overpay for an asset just to get that.

Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases

@Logan Jorns, basically, as well as literal "cash flow" estimations, guesses are also made of the assets' future appreciation in value, and how that value is expected to be impacted by the future (lower) buying power of each dollar.ie.

Make a fixed asset account for each property and sub accounts for the purchase price and expenses.

I'll try to keep it simple.We have accumulated about $2m in leveraged real estate investment assets (residential rentals).

With that said, commercial loans can be easier to obtain and will sometimes be a better fit for your projects (as-complete rehab loans, etc).And just curious....how many random colleague requests and forum mentions do you get here with that name?